At 4% CAGR, Coated Fabrics Market size to cross USD 27.4 billion by 2024

Latin America coated fabrics market is expected to witness a significant growth over 2016-2024 due to its rising applications in motor vehicles. Brazil and Argentina are anticipated to be the key revenue pockets of the region over the coming years.

Selbyville, United States – July 29, 2019 /MarketersMedia/ —

According to Global Market Insights, Inc., “Coated fabrics market size worth USD 18 billion in 2015, is predicted to reach USD 27 billion by 2024, recording a CAGR of 4% over the period of 2016-2024.” Rise in vehicle sales along with strict compliance norms relating to passenger safety is predicted to benefit the industry in near future. Strict norms to provide protective clothing for the workers owing to growing number of accidents is expected to drive the global industry trends. Furthermore, coated fabrics also finds major applications in motor vehicles, marines, and aerospace sectors.

Elevated demand for coated fabrics from the prospering automotive sector and its extensive applications across furniture, transport, and protective clothing industries is projected to boost global coated fabrics market growth over the coming eight years. Coated fabrics market share in transport industry worth USD 6 billion in 2015, is predicted to witness a substantial growth over 2016-2024 due to its growing applications in automobiles. In addition to this, implementation of safety standards for vehicles has boosted the product demand in transport industry.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/764

For instance, implementation of government legislations such as National Highway Traffic Safety Administration (NHTSA) to encourage safe driving has increased the use of coated fabrics across the globe. Its application in protective clothing industry is expected to grow at a rate of 4% over 2016-2024 owing to implementation of standardized safety measures for the factory workers.

Latin America coated fabrics market is expected to witness a significant growth over 2016-2024 due to its rising applications in motor vehicles. Brazil and Argentina are anticipated to be the key revenue pockets of the region over the coming years.

Asia Pacific market is projected to record a CAGR of 4% over the period of 2016-2024 due to lucrative growth of healthcare, chemical, and automotive industries in the region. China, Malaysia, India, and South Korea are predicted to contribute significantly towards the overall revenue of the region.

Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/coated-fabrics-market

Middle East & Africa coated fabrics market is predicted to witness a substantial growth over 2016-2024 due to large-scale construction activities carried out in countries such as UAE, Saudi Arabia, and Kuwait along with strict implementation of worker safety legislations.

Partial Chapter of the Table of Content:

Chapter 2 Executive Summary
2.1 Coated fabrics industry 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Application trends
Chapter 3 Coated fabrics Industry Insights
3.1. Industry segmentation
3.2. Industry Size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution Channel Analysis
3.4. Industry Impact forces
3.4.1. Growth drivers
3.4.1.1. Increase in automotive sales
3.4.1.2. Rising demand for protective clothing
3.4.1.3. Increase in construction spending
3.4.2. Industry pitfalls & challenges
3.4.2.1. Environment regulations associated to material waste
3.4.2.2. Substitute material availability
3.5. Growth potential analysis
3.5.1. Buying criteria
3.6. Regulatory landscape
3.7. Raw material trends
3.8. Porter’s analysis
3.9. Company market share, 2015
3.10. PESTEL analysis
Chapter 4 Coated Fabrics Market Product Insights
4.1. Coated fabrics Market share by product, 2015 & 2024
4.2. Rubber coated fabrics
4.2.1. Market estimates and forecasts, 2013 – 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Polymer Coated Fabrics
4.3.1. Market estimates and forecasts, 2013 – 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Fabric backed wall coverings
4.4.1. Market estimates and forecasts, 2013 – 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/764

Key industry participants include Takata Corporation, Saint-Gobain Manufacturing Company, Canadian General-Tower Limited, OMNOVA Solutions, and Trelleborg Engineering Company.

Contact Info:
Name: Arun Hedge
Email: Send Email
Organization: Global Market Insights, Inc.
Phone: 8886890688
Website: https://www.gminsights.com/industry-analysis/coated-fabrics-market

Source URL: https://marketersmedia.com/at-4-cagr-coated-fabrics-market-size-to-cross-usd-274-billion-by-2024/88901880

Source: MarketersMedia

Release ID: 88901880